The Amazon HQ2 (NASDAQ:AMZN) location has yet to be determined but analysts believe it will likely be in the East coast somewhere.
The e-commerce giant’s new headquarters conversation included 20 locations as recently as last week, but
GHB Insights‘ Daniel Ives believes that the Amazon HQ2 will be in . The Wall Street technology analyst cited a number of factors that will affect the company’s decision.
Ives noted that Amazon is likely looking to build an East Coast presence with its HQ2, as well as a city with a thriving engineering presence, as well as a surrounding university infrastructure and student pipeline.
He added that it will probably be a transportation hub with major growth potential, as well as a place with a strong technology and pharma industry presence. Additionally, the Amazon HQ2 should be business friendly, have attractive tax and economic long-term benefits, while also being politically favorable for the company.
“We believe the top 5 likely cities for Amazon’s second headquarters/HQ2 in order will be:
- Atlanta
- Raleigh
- Washington D.C.
- Boston
- Austin (only non-East Coast city in our Top 5)”
He added that any of the other 15 cities are a possibility as well (especially Pittsburgh and Philadelphia), but GHB Insights believes these are the most likely destinations due to the aforementioned factors.
AMZN stock gained nearly 1.9% on Monday.
